In this fable, the peripeteia occurs when the dog, strolling across the bridge with her meat, sees another dog in the river below, carrying what looks like another piece of meat. She reaches to snatch it, but in doing so she drops her own meat into the river, and the other dog’s treasure vanishes with the ripples.
The anagnorisis occurs when she sees the image vanish and understands that the treasure she lunged for was only a reflection.
The dog’s pathos occurs when she realizes that the meat she once carried is gone, and all that remains of her greed is an empty stomach.